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Intelligent Communication Enterprise and One Horizon Group Confirm Closing of the Share Exchange Agreement
SINGAPORE and LONDON, Dec 04, 2012 (MARKETWIRE via COMTEX) --
Intelligent Communication Enterprise Corporation (OTCQB: ICMC) (ICE
Corp) and One Horizon Group Plc. jointly announced the closing on
November 30, 2012 of the transactions under the Agreement of
Securities Exchange entered into in October 2012. One Horizon Group
shareholders will receive the agreed 175.14 shares of ICE Corp's
common stock in return for each One Horizon Group share.
"With the closing of this deal, we have reached an important
milestone in our progress towards providing liquidity in the United
States for One Horizon Group shareholders," stated Mark White, who
assumed the position of CEO of ICE Corp on Friday, November 30, 2012.
"We intend to to actively pursue the objective criteria for listing
on the NASDAQ Capital Market at the earliest possible time," added Mr
White.
Alongside ICE Corp's new CEO Mark White, Brian Collins, the creator
of One Horizon Group's flagship product Horizon, assumed the position
of CTO and One Horizon's long-standing CFO Martin Ward assumed the
position of CFO. On Friday, ICE Corp also filed an Information
Statement Schedule 14-F1 with the United States Securities and
Exchange Commission for the anticipated change in its Board of
Directors which will take place 10 days following the closing.
About One Horizon Group
One Horizon Group's business is to optimize
communications over the Internet. It is the parent company of Horizon
Globex. Horizon Globex develops the Group's Horizon solution, which
is the world's most bandwidth-efficient mobile VoIP platform for
smartphones, and also offers a range of other optimized data
applications including messaging and mobile advertising. It is an ISO
9001 and ISO 20000-1 certified company. The Group has operations in
the Switzerland, UK, China, Russia, India, Thailand, Singapore and
Hong Kong. For more information on the company, its products and
services, please visit http://www.onehorizongroup.com
About Intelligent Communication Enterprise
Intelligent Communication
Enterprise Corp. is a Pennsylvania, USA Corporation and is in the
media and publishing business. ICE Corp stock trades in the
over-the-counter market in the United States of America and is
currently quoted for trading on the OTCQB market under the ticker
symbol ICMC. For more information about ICE Corp. visit
http://www.icecorpasia.com
Safe Harbor Statement
This news release may contain
"forward-looking" statements. These forward-looking statements are
only predictions and are subject to certain risks, uncertainties and
assumptions that could cause actual results to differ from those in
the forward-looking statements. Potential risks and uncertainties
include such factors as uncertainty of consumer demand for One
Horizon Group products, as well as additional risks and uncertainties
that are identified and described in Ice Corp's SEC reports. Actual
results may differ materially from the forward-looking statements in
this press release. Statements made herein are as of the date of this
press release and should not be relied upon as of any subsequent
date. ICE Corp does not undertake, and ICE Corp specifically
disclaims, any obligation to update any forward-looking statements to
reflect occurrences, developments, events, or circumstances after the
date of such statement.
CONTACT:
Intelligent Communication Enterprise Corporation
Email Contact
One Horizon Group Plc:
Email Contact
SOURCE: Intelligent Communication Enterprise Corporation
http://www2.marketwire.com/mw/emailprcntct id=A049B4D51BC10204
http://www2.marketwire.com/mw/emailprcntct id=E4602385BA4B9C4E
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